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Bloomberg Hurricane Ian will cost private US insurers $63 billion in claims and will cause the largest storm-related losses in Florida’s history, according to an estimate from a risk modeling firm. The forecast includes losses to residential, commercial and industrial properties as well as automobiles, Karen Clark & Co. said in a report. Previous estimates cited by industry analysts put ...

Bloomberg Tesla Inc is expected to announce record quarterly deliveries as the electric-vehicle giant tries to recover from supply-chain snarls that crimped output earlier this year. The totals are poised for release this weekend once Tesla finishes sales, the last day of the quarter. Deliveries are one of the most closely watched metrics by investors, underpinning Tesla’s financial results and ...

  Bloomberg Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc., braving the worst market for new US listings since the financial crisis more than a decade ago. The company didn’t disclose terms of the planned share sale in its filing Friday with the US Securities and Exchange Commission. Mobileye will continue ...

  Bloomberg French new car registrations extended a rebound in September, after being hit by the fallout from the war in Ukraine in the first half of the year. France’s new passenger car sales rise 5.5% from a year earlier to 141,142, the PFA auto association said in a statement. That followed a pick-up in sales starting in August. Earlier ...

  Bloomberg First they came for factory jobs. Then they showed up in service industries. Now, machines are making inroads into the kind of white-collar office work once thought to be the exclusive preserve of humans. The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and ...

  Bloomberg Hyundai Motor Group is contemplating building its first electric-vehicle plant several months earlier than scheduled amid disputes over a new US clean energy law, according to people familiar with the matter. The Seoul-based automaker is looking at whether it is feasible to complete construction of a US plant in Savannah, Georgia around October 2024, the people said, asking ...

  Bloomberg American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains towards nations aligned with Washington. But breaking up, as the adage goes, is hard to do. That conclusion is evident ...

  Bloomberg RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter. The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co., said the people, who asked not to be identified ...

  ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has said that the bilateral relations between the UAE and China are a global model to follow. He also mentioned the strategic ties between the two countries were upgraded to a comprehensive partnership, thanks to their significant development prospects. In his recorded message to the ...

  Abu Dhabi / WAM The UAE strongly condemned the terrorist attack that targeted an educational centre west of the Afghan capital, Kabul, and resulted in the death and injury of a number of people, the majority of whom were students. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these ...